McMahon Inc reported the following on the company s statement of
McMahon Inc. reported the following on the company’s statement of cash flows in 2014 and 2013:

Seventy percent of the net cash flow used for investing activities was used to replace existing capacity.
a. Determine McMahon’s free cash flow for both years.
b. Has McMahon’s free cash flow improved or declined from 2013 to2014?
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